Jabil, Biogen and Elan move late

SAN FRANCISCO (MarketWatch) - Jabil Circuit Inc. shares were among the most-active issues in after-hours trade Monday after the contract manufacturer reported fourth-quarter results, while Biogen Idec Inc. and Elan Corp. shares rose after the drug companies said they submitted new safety data on their drug Tysabri.

Meanwhile, shares of Lennar Corp.
LEN, -0.95%
jumped after the company reported earnings that beat estimates.

The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology-heavy index's leading shares, was down 0.87 point to 1,571.99.

Jabil
JBL, -0.19%
earned $70.5 million, or 34 cents a share, compared to $44.3 million, or 22 cents a share in the same period a year ago. Excluding one-time items, Jabil reported earnings of $76.8 million, or 37 cents a share, up from $54.7 million, or 27 cents, a year ago. By that measure, the company beat the estimates of analysts surveyed by Thomson First Call, who forecast a profit of 36 cents a share. See full story.

Shares of Jabil were last changing hands for $30.12, down from a regular session close of $30.37. They figured among the volume leaders on Inet.

Shares of Lennar rose 3.3% to $58.98 after the company reported a 50% rise in third-quarter profit to 337.3 million, or $2.06 per share, on revenue of $3.49 billion. Analysts had forecast earnings of $1.98 for the quarter.

Biogen Idec Inc.
BIIB, -2.57%
shares rose 2.1% to $39.28 while Elan Corp. Plc
ELN, +11.11%
shares were up 1.5% to $8.12. The drugmakers asked the Food and Drug Administration to review the new safety data on the multiple sclerosis drug within the next six months. The companies had removed the injectable drug from the market in February after it was linked to several cases of a fatal brain disorder. See full story.

Shares of Omni
OMNI
fell 1.8% to $4.42 after gaining 48% during the regular session. Earlier in the day, the company said that its Trussco Inc. environmental unit has won contracts from the Federal Emergency Management Agency through a third-party prime contractor. The company will assist in the cleaning of the New Orleans Arena and the New Orleans Superdome.

Palm
PALM, -0.67%
shares lost 0.1% to $28.65. Earlier in the day, the company announced a partnership with Microsoft Corp.
MSFT, -1.84%
to develop a new phone aimed at challenging the dominance of the BlackBerry, by Research In Motion Ltd.
RIMM
Palm shares closed down 1 cent to $28.68 after opening the regular session at $30.60. See full story.

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